This course presents quantitative methods and business applications, most of which require a basic knowledge of probability and statistics. The topics of study include PERT/CPM, inventory control models, queuing systems, introduction to time series and forecasting, and introduction to simulation and Monte Carlo methods. Computer software is used as a practical implementation of the various models. This course is usually offered in the fall term.
Prerequisite: MATH3030 (QS303)
3 Credits